Property Details

798 Ocean Shores Blvd NW

Ocean Shores, WA 98569

$995,000

Available

CBA# 697786 courtesy of CBA Listing firm: Windermere Real Estate/Ocean Shores

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I’d like more information about 798 Ocean Shores Blvd NW, Ocean Shores, MLS# 697786

Office / Retail

Property Type

3,416

Bldg Sq Ft

1961

Year Built

Property Overview

Improved pricing with potential owner terms to qualified buyer. Great opportunity for owner/operator. Popular pub in great location across from hotels in Ocean Shores. Current owner has completely updated interior to create a more upscale and clean feel. This is reflected in its growing income. Corner location provides excellent exposure. 2,276 SF on main level for pub. 1,140 SF 2 bd/1 bath apartment on second level, currently vacant and could serve as owner's living space or nightly rental (subject to OS rules and regs). Nearly 8,000 permanent residents and over 3 million annual visitors create a steady demand. 2025 P&L's reflect a 16% CAP rate. No salary was taken, so an adjustment is needed to reflect profit & loss.